Searchlight Resources Stakes and Samples Hanson Lake Rare Element Pegmatites
TSXV : SRCH
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
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Searchlight Resources Stakes and Samples
Hanson Lake Rare Element Pegmatites
Staking of Hanson Lake Rare E lement Pegmatites located 65 k m
west of Creighton, Sask atchewan and Bootle g Lak e Project .
New 1,236 hectare claim block with easy access on high way 106
Past wor k indicates anomalou s Beryllium , Rubidium , Niobium ,
Gallium , Tantalum, Lithium , Cesium and Tin .
Vancouver, British Columbia, November 1 3 , 201 8 - Searchlight Resources Inc. ( “ Searchlight” or
the “Company”) (TSX - V: SRCH ) is pleased to anno u nce the staking of Hanson Lake Rare
E lement Pegmatites located approximately 6 5 kilometres west of Creighton, Saskatchewan,
which is five kilometres southwest of the city of Flin Flon, Manitoba.
Searchlight has staked a 1,236 hectare claim covering the Hanson Lake Rare Element
Pegmatites also described as Ha nson Lake Beryliferous Pegmatite Field . The claims are
located approximately 65 kilometres west of Creighton, Saskatchewan and the Bootleg Lake
claims. The claims are cut by Highway 106 and the pegma t ite target is within a kilometre of the
highway.
The n ew ly staked claims at the Hanson Lake Rare Element Pegmatites described below were
also visited and sample d during field work announced October 18 th , 2018 in the following press
release https://searchlightresources.com/news/2018/searchlight - resources - completes -
s askatchewan - sampling - program / . The geological team located the pegmati t es and traced the
structure for over 300 metres. The historic d ata is selective , with assays available only for a
limited suite of elements , and therefore Searchlight plans to expand the analytical package for
the samples recently collected.
Stephen Wall ace, President and CEO of Searchlight stated, “ The Company cont inues to focus
on Saskatchewan exploration , particularly in the Fl i n Flon Greenstone Bel t and we continue to
find interesting and important geological targets with limited past exploration work . The Hans o n
L a ke target fits the Com pa ny ’ s focus of low - cost acquisition close to infrastructure . ”
There are two documented zones of Pegmatites with in the claim block , the Jackpine Be
showing and the Wyllie Lake Beryliferous Pegmatites . Below are descri ptions fro m the
Saskatchewan Mineral Deposit Index (“SMDI”)
Jackpine Be Showi ng – SMDI file # 0181
“ The showing consists of several beryl - bearing dykes in the Jackpine Lake area. The dykes
were traced for several thousand feet striking north and appear to pinch out.
The beryliferous granite pegmatite is confined to the core of t he Jackpine Lake Antiform. The
pegmatites strike north (parallel to the fold axial plane) and dip to the east. The dykes, which
widen to the north, can be traced along strike fo r over 500 m (1 640.4 ft). The dykes are grouped
together in up to 100 m (328.1 ft) wide braided zones. Individual beryliferous braided zones are
separated by 100 to 200 m (328.1 to 656.2 ft) wide barren zones. Individual dykes range from 5
cm to 12 m (1.9 inches to 39.3 ft) in width. Some of the showings were sampled and the best
ret urn was 0.47% BeO.
Beryl is present in the granitic pegmatite cores, at the margins of quartz - rich zones in the core,
and as small patches and fine crystals in the aplite. The beryl is pale green, inclusion filled, and
normally opaque (rare transparent a quamarine has been noted, locally, in quartz - rich core
zones). Clay - altered, tabular crystals (1 to 3 cm in length) of pale green spodumene (at 2 sites
in pegmatite 91 - H), euhed ral to den driti c crystals of columbite (possibly wodginite?), rare
fracture - bou nd tourmaline (at 1 site), gahnite spinel, and traces of euhedral fluorite have been
noted.
D. MacDougall noted that Li thium , N io b ium , and Tin are concentrated in the hanging w all and
Be rylli um and Ta ntalum are concentrated in the footwall and at the center of the dykes. Less
be ryl was noted at points farthest away from Jackpine Lake where the pegmatites appear to
pinch out. ”
Wyllie Lake Beryliferous Pegmatites – SMDI file # 02 84
“ The sh owing consists of beryl - bearing pegmatite sills which occupy a 2.5 square mile (4.0
square km ) area approximately 3 miles (4.8 km). This area is located southwest of Wyllie Lake,
and about 1.5 miles (2.4 km) west of Hanson Lake.
The sills, 18 of which wer e obs erved during field work, are confined to a quartz diorite complex
that forms the core of an overturned anticline. The pegmatites occupy a system of joints which
strike northeast and dip southeast at intermediate angles.
The beryl pegmatite sills ran ge fr om 6 inches (15.2 cm) to tens of feet in width, averaging 2 to 3
ft (0.6 to 0.9 m), and may be traced as much as 500 ft (152 m) along strike. The mineral
composition is essentially biotite, beryl and garnet. Pale green euhedral beryl cryst als rangin g
fro m 1/8 to 1.5 inches (0.3 to 3.8 cm) in diameter are found along the margin of, and in th e
quartz - rich cores. ”
In addition, a detailed study was completed on the Hanson Lake P egmatites by the
Saskatchewan Geological Survey and published in 1991. Deta ils a re in the publication “ Rare
element pegmatites in the Hanson Lake pegmatite field; in Su mmary of Investigations 1991,
Saskatchewan Geological Survey, Sask. Energy Mines, Misc. Report 91 - 4. Author D.G.
MacDougall. ”
Notes on Beryl and Beryll ium
Beryl is t he principal ore of element Beryllium (Be ), which is used as a hardening agent in alloys
with aluminium , copper (notably the alloy beryllium copper ), iron and nickel . Tools made of
beryllium copper alloys are strong , hard and do not create sparks wh en th ey strike a steel
surface.
Beryllium is also a high - tech element which provides the combination of thermal conductivity, is
nonmagnetic and low density (1.85 times that of water) . T his make s beryllium metal composites
a key material for ai rcraft com ponen ts, high - speed aircraft, missiles, space vehicles and
communication satellites. Beryllium has been classified as a strategic and critical metal by
agencies in both the US and European governments due to its importance to a r ange of military
and defen se ap plications.
Because of its low density and atomic mass , B eryllium is relatively transparent to X - rays and
other forms of ionizing radiation ; therefore, it is the most common window material for X - ray
equipment and components of particle det ectors .
O ther forms of Beryl include the g emstones A quamarine and E merald .
Qualified Person
Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National
Instrument 43 - 101 an d has reviewed and approved the technical informat ion contai ned i n this
news release.
About Searchlight Resources Inc.
Searchlight Resources Inc. ( “ Searchlight” or the “Company”) is a mineral exploration and
development company listed on the Toronto Vent ure Exchange (TSXV). The company is active
with m ineral exp lorati on projects in Saskatchewan, Ontario and Nevada, three of the top seven
jurisdictions in the world for mining investment as ranked by the Fraser Institute. The Company
holds a portfolio of go ld, cobalt and base metal projects from grassroot s stage to advan ced
exploration and NI 43 - 101 resource development.
Saskatchewan – Gold and Base Metals
The Bootleg Lake project is 16,900 hectares of claims in Saskatchewan covering prospective
areas of th e Flin Flon Greenstone belt. Exploration is being carried o ut at the past producing
Newcor, Rio (Bootleg) and Henning Maloney Gold mines located approximately 5 kilometres
from Creighton Saskatchewan , and less than 10 kilometres from the Hudbay 777 mine loc ated
in Flin Flon, Manitoba.
In addition, the Bootleg La ke clai ms hold Volcanogenic Massive Sulphide (VMS) base metal
potential with claims adjacent to the Hudbay Mines claims hosting the producing 777 base metal
and gold mine in Flin Flon and the four p ast producing base metal mines, Flexar, Birch La ke,
Amisk and Cor onation.
Ontario – Copper, Cobalt, Nickel & Gold
1) The Munro Warden project is an early stage exploration prospect targeting VMS copper,
nickel and cobalt within the Kidd - Munro assemblage of the Abitibi Greenstone Belt. The
project covers 1,100 hect ares in cluding 9 mining lease and 11 claim blocks located
approximately 90 kilometres east of Timmins, Ontario.
2) The Cameron project is a grassroots cobalt, gold exploration prospect located 25
kilo metres southwest of Cobalt, Ontario with the high ly prospe ctive C obalt Embayment
Nevada - Copper
Searchlight’s Nevada project New Yo r k Canyon hosts two c opper deposits in the Walker Lane
Structural Belt located in western Nevada ; t he Long Shot Ridge skarn deposit with a 2010 NI43 -
101 resource estimate a nd the Co pper Qu een porphyry deposit drilled by Conco in the 1970’s.
On behalf of the Board of Directors,
“ Stephen Wallace ”
SEARCHLIGHT RESOURCES INC .
Stephen Wallace , President, CEO and Director
Con tact: Searchlight Resources Inc .
Investor Relations
( 604) 331 - 932 6
Forward - Looking Statements
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assumptions as of the date of thi s new s relea se. These statements reflect management’s
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